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Why MNI
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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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MNI FOMC Hawk-Dove Spectrum
Starts The Week On A Firm Note
- RES 4: 1.0839 50.0% retracement of the Feb 2 - Mar 8 bear leg
- RES 3: 1.0803 High Feb 14 and key resistance
- RES 2: 1.0779 50.0% retracement of the Feb 2 - Mar 8 bear leg
- RES 1: 1.0737 Intraday high
- PRICE: 1.0724 @ 05:21 GMT Mar 13
- SUP 1: 1.0640 Intraday low
- SUP 2: 1.0574 Low Mar 10
- SUP 3: 1.0525 Low Mar 8 and the bear trigger
- SUP 4: 1.0484 Low Jan 6 and a key support
EUR/USD is trading higher today, extending last week’s recovery from 1.0525, the Mar 8 low. Resistance at 1.0694 has been cleared, the Mar 6 / 7 high and this signals scope for a climb towards 1.0779 next, a Fibonacci retracement. Gains are considered corrective - for now. Support to watch is today’s intraday low of 1.0640 where a break is required to signal a top. This would refocus attention on 1.0525, the bear trigger.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.